The Due Date of a 60-Day Note Dated October 15

question 47

Multiple Choice

The due date of a 60-day note dated October 15, is

• A)December 12.
• B)December 13.
• C)December 14.
• D)December 16.

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Definitions:

Extra Total Utility

The additional satisfaction or benefit that a consumer derives from consuming one more unit of a good or service.

Current Consumption

The amount of goods, services, energy, or natural resources being used by consumers or industries at the present time.

Marginal Utility

The additional satisfaction or benefit obtained from consuming one more unit of a good or service.

Hypothetical Consumer

A theoretical or imagined individual used in economic models to predict behaviors in market scenarios.